Indian IT stocks plummeted as the US government’s unprecedented H-1B visa fee hike of $100,000 rattled the $283 billion industry. The Nifty IT index plunged over 3%, with Tech Mahindra, Persistent Systems, and other mid-tier firms taking the biggest hit. Investors are concerned about rising costs and squeezed margins amidst a global demand slowdown, potentially derailing any recovery. Post navigation Gold price prediction: What’s the gold rate outlook for September 22, 2025 week – why Rs 1,08,500 is a crucial level GST 2.0 is here! What the new tax reforms mean for you – 10 things to know
